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MOIMAGE
<br />$6- 103328
<br />MORTGAGE LOAN NO. L 24.528
<br />KNOB` ALL MEN BY THESE PRESENTS: That Douglas E. Pribbeno and Tracy J. Pribbeno, each in his
<br />and her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sty of
<br />751&IIty Thousand and no/10 DOLLARS
<br />loaned to said mmtppr by The FA"" BWdgeg and Loan Aaociuion of Grand Idand, Nebraska, Mortgagee, upon 200 dueled of 0101[ Of
<br />MW ASSOCIATION, Certificate No. L 24,528 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foBowiug
<br />ddtxrbed real estate, situated in Hall County, Nebraska:
<br />Lot Eleven (11), in West Lawn, an addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments Levied or
<br />aniseed upon said premises and upon this mortgage and the bond secured thereby before the same And become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 20, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the icrms and conditions of this mortgage or the bond secured hereby, the mortgagee soli,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee And have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, Tatat if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said ban, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortpp
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the stmt of $ 20, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such t axes, assessments and insurance with interest at
<br />the maximum Legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for 5 20 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and Bylaws Wild ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shill, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />farther notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, stall, from the
<br />donne of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />boad,amd arty other bond for additional advances, together with all suits paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebrawksi for insurance, taxes and assessiments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />dept rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />maters of said Bond, thew assigns or successors in interest, which sums shall be within the security of this mortgage the same as lute funds originally
<br />segued thereby, the total amount of prutcipa debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 20th day of June A. D., 19 86
<br />r1t AO
<br />STATE OF NEBRASKA, u On this 20th day of June
<br />COUNTY OF HALL
<br />19 86 . before me,
<br />the undersigned, a Notary Public in and for said County, personally cum
<br />Douglas E. Pribbeno and Tracy J. Pribbeno, each in his and her ownh ight andpe° oru�y cn�ownQo
<br />each other,
<br />rise to be the identical person s whose name s are affuted to the above instrument as mortgagor s and they severally
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid. - -�
<br />My Commission expiresL',!
<br />167WaM Fit - Mltigf•pals of gl"S Notary Public
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